Realty Biz

JUNE 20, 2023

Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval 98

Pre-approval Short sale Banks Finance 98

HomeLight

SEPTEMBER 30, 2020

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If The online-style auction can also help save you from spending money blindly. “An Unlike live auctions, many auction websites charge a fee on top of the sale price. “If

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. I know a lot of people who were doing fix-and-flips through borrowing and bridge loans, but now, with high interest rates and more challenging timelines, it is not as successful.

House Flipping 88

House Flipping Renovation Investor Finance 88